Should You Replace Your Old Annuity? (Why High Interest Rates Matter)
Retire For Less With The Annuity Expert by Shawn Plummer
Episode notes
Did you buy your annuity between 2000 and 2019? If so, you might be leaving thousands of dollars on the table!
In this video, Shawn Plummer from The Annuity Expert answers a crucial question: Should I buy an annuity in a high-interest-rate environment, and should I replace my old one? Because interest rates are significantly higher today than they were a decade ago, newer annuity contracts are offering much higher lifetime payout percentages.
Shawn shares a real-life case study of a couple from Minnesota who "stress-tested" their old 2015 variable annuity and managed to increase their guaranteed lifetime income by over $2,000 a year simply by rolling it into a modern contract! Watch to learn how to run your own stress test and use our free calculator to see what your money could be generating today.
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